Volume of Russia's herring imports falling against rising value

November 30, 2006 12:40
In the first three quarters of the current year 2006 Russian importers have been purchasing less frozen herring, fillets inclusive, though the value has been growing, according to FISHNET analysts who have scrutinized provisional data of Russia's Federal Custom Service.

More specifically, Russia's total imports of frozen herring Cluрea harengus, Cluрea рallasii except for liver and milt (HSC 030350) and frozen herring fillets (HSC 0304 20 750) decreased by 15209.71 metric tons from 126176.586 tonnes in January-September 2005 to 110966.878 tonnes in the same period this year.

The largest supplier both in volume and value was Norway which exported to Russia 91,997.418 tonnes of frozen herring products worth 90,871,236 USD in January-September 2006, down in volume and up in value from 101,853.966 tonnes and 73,634,778 USD correspondingly. The gap between Russia's herring purchases from Norway and the following leading exporters such as Iceland, UK, etc. was impressive - Norwegian 91997.418 tonnes worth 90,871,236 USD versus Icelandic 5700.053 tonnes worth 6,669,364 USD as can be viewed from the below graphs.

Russia's import of frozen herring, fillets inclusive

Russia's import of frozen herring, fillets inclusive

Total - 030350 - herrring (Cluрea harengus, Cluрea рallasii) frozen except for liver and milt + 0304 20 750 fillets of herring (Cluрea harengus, Cluрea рallasii) frozen

Country of origin

1-3 quarters 2006

1-3 quarters 2005

1-3 qr. 2006 versus 1-3 qr. 2005

Value, '000 USD

Volume, metric tons

Value, '000 USD

Volume, metric tons

Value, +/- '000 USD

Volume, +/- metric tons

Norway

90871.236

91997.418

73634.778

101853.966

17236.46

-9856.55

Iсeland

6669.364

5700.053

4108.863

4111.034

2560.50

1589.02

UK

4975.916

5374.048

4328.415

5511.227

647.50

-137.18

Faroese Islands

2253.242

2316.780

0.000

0.000

2253.24

2316.78

Finland

1301.680

2571.711

1389.490

3739.798

-87.81

-1168.09

Canada

716.065

628.020

2424.848

2981.651

-1708.78

-2353.63

Russia

557.796

1383.490

78.533

151.176

479.26

1232.31

Sweden

474.285

948.160

897.923

2553.344

-423.64

-1605.18

Netherlands

28.330

24.150

774.078

779.907

-745.75

-755.76

Estonia

11.548

22.643

0.000

0.000

11.55

22.64

Germany

0.000

0.000

906.446

1648.751

-906.45

-1648.75

Ireland

0.000

0.000

1611.126

2659.480

-1611.13

-2659.48

Other

0.931

0.405

76.335

186.252

-75.40

-185.85

TOTAL

107860.393

110966.878

90230.835

126176.586

17629.56

-15209.71

Note: Provisional figures of Russia's Federal Customs Service. Final figures will differ 1%-3% upwards.

Frozen herring w/r

Just like Russia's total imports of frozen herring products, Norway has been the leading supplier of w/r frozen herring, except for liver and milt (HSC 0303 50), exporting 90,159.318 metric tons of the product worth nearly 88 million USD in the first three quarters of 2006 down from 100,247.392 tonnes worth nearly 71 million USD in the same period 2005. Thus, earnings of Norwegian exporters of w/r frozen herring have been growing against the background of falling volumes of their supplies as can be viewed in the graphs as below.

Russia's import of frozen herring w/r

Russia's import of frozen herring w/r

Frozen herring fillets

Norway has also been Russia's leading supplier of frozen herring fillets (HSC 0304 20 750) exporting 1838.1 metric tons worth nearly 2.9 million USD in January-September 2006 up from 1606.6 metric tons worth 2.5 million USD in the same months last year. Thus, both value and volumes of Norwegian exports of frozen herring fillets have been growing as compared to last year as can be viewed in the below graphs.

Russia's import of frozen herring fillets

Russia's import of frozen herring fillets

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